To me , the BIGGEST obstacle is comign up with a hard number as to what share of California’s debt...bonds, pensions, estimating all the unfunded liabilities, etc, the new state would have to agree to assume...it would require serious accounting...something the pols wouldn’t want done..also, I’m pretty sure that many of the bond woiuld immediately become callable and due, or have to be renegotiated..
Again, no way. They can bill me. It’s like, “make me”. “Sorry, I’m the new state of South California, I never signed on to any of that debt. I didn’t even exist then.”
You have to think outside the box you are in.